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I think the bailout is the right thing do.

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underpants Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-21-09 09:57 PM
Original message
I think the bailout is the right thing do.


Despite Beck’s anti-federal spending rhetoric, he initially supported Bush’s $700 billion bailout.

Much of Fox News host Glenn Beck’s appeal is his populist, anti-government rhetoric, which gained extra traction during the federal government’s financial bailouts. “Wall Street owns our government,” Beck declared in July. “Our government and these gigantic corporations have merged.” A couple of weeks later, he “mockingly replaced the stars on the American flag with the logos of corporate giants like G.E., General Motors, Wal-Mart and Citigroup.” But the blog Another War of Jenkins’ Ear points out that Beck — while appearing on CNN Headline News — actually voiced his support for President Bush’s $700 billion bailout:

But these are anything but normal times. I thought about it an awful lot this weekend, and while it takes everything in me to say this, I think the bailout is the right thing do.

The “REAL STORY” is the $700 billion that you’re hearing about now is not only, I believe, necessary, it is also not nearly enough, and all of the weasels in Washington know it.

http://thinkprogress.org/2009/09/21/beck-bailout/


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Parche Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-21-09 09:59 PM
Response to Original message
1. run beck run
yeah, a stomach bailout for Glenn

:rofl::woohoo::hi:
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brentspeak Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-21-09 10:06 PM
Response to Original message
2. On what grounds was the Wall St. bailout the right thing to do?
Edited on Mon Sep-21-09 10:06 PM by brentspeak
Just because Beck was for/against it?

As it turns out, despite the trillions thrown Wall St's way, http://online.wsj.com/article/SB124019360346233883.html">banks aren't lending. So we were robbed, completely, in broad daylight.
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HiFructosePronSyrup Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-21-09 10:08 PM
Response to Reply #2
3. On the grounds that bank failures are bad for everybody.
See, for instance, the Great Depression.

Or Lehman Bros.
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Jim Sagle Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-21-09 10:23 PM
Response to Reply #3
4. Whadda crocka DLC BS.
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HiFructosePronSyrup Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-21-09 10:30 PM
Response to Reply #4
5. Oh, that's right. It's all a big conspiracy.
Bank failures are good for the economy.
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Jim Sagle Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-22-09 06:29 PM
Response to Reply #5
6. They damn sure ARE good for the economy compared to the alternative we were subjected to -
Edited on Tue Sep-22-09 06:30 PM by Jim Sagle
a 23 trillion dollar strong-arm robbery.
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BuyingThyme Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-22-09 06:30 PM
Response to Original message
7. That top photo looks like it could have been taken in prison after a rape in 1990 or something.
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